Multiple loan payment option sales tool

ABSTRACT

A multiple option loan presentation apparatus and method allows a loan agent to communicate a non-traditional loan product to a customer. Non-traditional mortgage products such as pick-a-payment loans allow a borrower to exchange lower payments during an initial period for higher payments layer in an amortization period. Some borrowers do not want to accepting the risk associated with adjustable rate mortgages (ARMs) for increases in interest rates, but are still desirous of options for reduced monthly payments. Combining fixed rate loans with an option for interest-only or minimum payments allows this flexibility, but places a premium on being able to graphically depict the implications of these choices. Thereby, the borrower can make an informed decision and the loan agent is able to more quickly conclude the transaction. In particular, the minimum payments constraints and changes in amounts can be made more intuitive.

CROSS-REFERENCE TO RELATED APPLICATIONS

This application is a Continuation of pending U.S. patent applicationSer. No. 12/861,520 entitled “MULTIPLE LOAN PAYMENT OPTION SALES TOOL”and filed Aug. 23, 2010, which is a continuation of U.S. patentapplication Ser. No. 12/058,983 entitled “MULTIPLE LOAN PAYMENT OPTIONSALES TOOL” and filed Mar. 31, 2008 (now issued as U.S. Pat. No.7,805,364), which claims the benefit of Provisional Application No.60/975,118 entitled “FIXED PICK-A-PAYMENT” filed 25 Sep. 2007. Theentireties of the above-noted applications are incorporated by referenceherein.

FIELD OF THE INVENTION

The present disclosure is generally directed to mortgage applicationprocessing. More particularly, the present disclosure is directed toguiding a loan officer and a customer through selection of a mortgageproduct.

BACKGROUND

Conventionally, mortgage loans are provided at a fixed rate of interestsuch that payments are made monthly to cover the interest and a portionof the principal calculate to result in repayment within a particularterm (e.g., 15 or 30 years). Residential customers are often familiarwith such payments. Moreover, the payment schedule can be readilyconveyed as a single number that remains constant throughout the term ofthe loan.

Adjustable rate mortgages (ARM) have garnered a significant amount ofthe mortgage market by allowing customers to access initial low interestrates, and thus low payments. The mortgage underwriters are able tooffer these lower introductory rates due to risk regarding interestrates in the out years has been transferred to the borrower. This riskis often acceptable to the borrower when interest rates are notprojected to increase or when the borrower expects to turn over theproperty in a relatively short period.

A number of loan customers, however, have situations that are notconducive either to a conventional fixed-rate mortgage or for an ARMloan. For instance, the borrower may be risk adverse regarding possibleinterest rate increases. As another example, the borrower may have cashflow fluctuations from time to time and is desirous of greaterflexibility for payment amounts.

SUMMARY

The following presents a simplified summary in order to provide a basicunderstanding of some aspects of the disclosed versions. This summary isnot an extensive overview and is intended to neither identify key orcritical elements nor delineate the scope of such versions. Its purposeis to present some concepts of the described versions in a simplifiedform as a prelude to the more detailed description that is presentedlater.

In accordance with one or more versions and corresponding disclosurethereof, various aspects are described in connection with an apparatusand method for a multiple loan payment option sales tool that allows aloan agent to readily generate a flexible loan arrangement withselectable payment amounts. The customer still has the benefits of afixed-rate mortgage by being able to determine what the payments willbe, the amount of interest deferred (if any), and the loan balance. Inaddition, the options are numerically and graphically presented in amanner that is clear and concise, which would otherwise prove dauntingto communicate at all.

In one aspect, a method is presented for presenting a multiple option,fixed rate loan. A fixed interest rate, a minimum payment percentage,and a loan term are accessed. Minimum payment amounts in accordance withthe minimum payment percentage are calculated. Conventional paymentamount in accordance with the fixed interest rate and the loan term arecalculated. Minimum payment amounts are graphically depicted tocommunicate their changing characteristics. In addition, a comparisonbetween the minimum payment amounts and the conventional payment amountare depicted to better communicate the impact of utilizing the minimumpayment option that increases the loan balance.

In another aspect, an apparatus is provided for presenting a multipleoption, fixed rate loan. A memory component accesses a fixed interestrate, a minimum payment percentage, and a loan term. A loan calculationcomponent calculates minimum payment amounts in accordance with theminimum payment percentage, and calculates conventional payment amountin accordance with the fixed interest rate and the loan term. A userinterface graphically depicts the minimum payment amounts, and depicts acomparison between the minimum payment amounts and the conventionalpayment amount.

In an additional aspect, an apparatus is provided for presenting amultiple option, fixed rate loan, having means for accessing a fixedinterest rate, a minimum payment percentage, and a loan term, means forcalculating minimum payment amounts in accordance with the minimumpayment percentage, means for calculating conventional payment amount inaccordance with the fixed interest rate and the loan term, means forgraphically depicting the minimum payment amounts, and means fordepicting a comparison between the minimum payment amounts and theconventional payment amount.

To the accomplishment of the foregoing and related ends, one or moreversions comprise the features hereinafter fully described andparticularly pointed out in the claims. The following description andthe annexed drawings set forth in detail certain illustrative aspectsand are indicative of but a few of the various ways in which theprinciples of the versions may be employed. Other advantages and novelfeatures will become apparent from the following detailed descriptionwhen considered in conjunction with the drawings and the disclosedversions are intended to include all such aspects and their equivalents.

BRIEF DESCRIPTION OF THE DRAWINGS

FIG. 1 illustrates a diagram of a multiple option loan presentationsystem between a loan agent and a loan customer.

FIG. 2 illustrates a depiction of a multiple option loan user interfaceand customer handout.

FIG. 3 illustrates a flow diagram of a methodology for pick-a-paymentloan presentation.

FIG. 4 illustrates a brief general description of a suitable computingenvironment wherein the various aspects of the subject innovation can beimplemented.

FIG. 5 illustrates a schematic diagram of a client-server computingenvironment wherein the various aspects of the subject innovation can beimplemented.

DETAILED DESCRIPTION

A multiple option loan presentation apparatus and method allows a loanagent to communicate a non-traditional loan product to a customer.Non-traditional mortgage products such as pick-a-payment loans allow aborrower to exchange lower payments during an initial period for higherpayments layer in an amortization period. Some borrowers do not want toaccept the risk associated with adjustable rate mortgages (ARMs) forincreases in interest rates, but are still desirous of options forreduced monthly payments. Combining fixed rate loans with an option forinterest-only or minimum payments allows this flexibility, but places apremium on being able to graphically depict the implications of thesechoices. Thereby, the borrower can make an informed decision and theloan agent is able to more quickly conclude the transaction.

The innovation is now described with reference to the drawings, whereinlike reference numerals are used to refer to like elements throughout.In the following description, for purposes of explanation, numerousspecific details are set forth in order to provide a thoroughunderstanding of the subject innovation. It may be evident, however,that the innovation can be practiced without these specific details. Inother instances, well-known structures and devices are shown in blockdiagram form in order to facilitate describing the innovation.

As used in this application, the terms “component” and “system” areintended to refer to a computer-related entity, either hardware, acombination of hardware and software, software, or software inexecution. For example, a component can be, but is not limited to being,a process running on a processor, a processor, an object, an executable,a thread of execution, a program, and/or a computer. By way ofillustration, both an application running on a server and the server canbe a component. One or more components can reside within a processand/or thread of execution, and a component can be localized on onecomputer and/or distributed between two or more computers.

As used herein, the term to “infer” or “inference” refer generally tothe process of reasoning about or inferring states of the system,environment, and/or user from a set of observations as captured viaevents and/or data. Inference can be employed to identify a specificcontext or action, or can generate a probability distribution overstates, for example. The inference can be probabilistic—that is, thecomputation of a probability distribution over states of interest basedon a consideration of data and events. Inference can also refer totechniques employed for composing higher-level events from a set ofevents and/or data. Such inference results in the construction of newevents or actions from a set of observed events and/or stored eventdata, whether or not the events are correlated in close temporalproximity, and whether the events and data come from one or severalevent and data sources.

Referring initially to the drawings, FIG. 1 illustrates a communicationsystem 100 in which an intuitive presentation 102 can be made formultiple payment option non-traditional mortgages can be persuasivelyand efficiently generated by a loan agent 104 for a loan customer 106.In addition to communicating over a network 108 to a loan underwriter110 and a credit bureau 112 for approvals and credit information, theloan agent 104 utilizes a pick-a-payment presenter component 114 tocreate the intuitive presentation 102. In particular, values areaccessed or input for loan amount 116, fixed interest rate 118, minimumpayment rate 120 and increase/recast constraints 122 for the minimumpayment option.

The utility presentation 102 in an illustrative rendering includescalculation results for a conventional interest-based monthly payment,depicted at 124, interest-only monthly payment amount, depicted at 126,and minimum monthly payment for the first time period (e.g., firstyear), depicted at 128. Due to the negative amortization implications ofmaking minimum payments, the calculations for minimum payments change.Thus the intuitive presentation at 130 depicts graphically andnumerically the trend in minimum payment amount. The amount of deferredinterest and changes in loan balance can be communicated in a comparisontabulation 132 so the borrower can appreciate how these options differfrom a conventional fixed-rate loan.

In FIG. 2, an exemplary intuitive presentation 200 is rendered in agraphical user interface (GUI) 202. For example, a web-based program canbe executed in a platform independent virtual machine (e.g., JAVA™environment) or be a spreadsheet program, as depicted at 204. Values fora desired or actual loan amount are depicted at 206 (“$250,000”), for afixed interest rate at 208 (“7.00%”), and minimum payment factor at 210(“2.00%”). These values may input into these fields manually, bepredefined and merely displayed, or be remotely accessed from anotherauthority. For instance, a currently authorized interest rate could beaccessed from an enterprise source.

It should be appreciated with the benefit of the present disclosure thatconstraints for minimum payments for conciseness are predetermined inthis illustrative depiction. A first constraint depicted at 212 is aperiod of five years in which minimum payments are held constant. Asecond constraint is a recast period of ten years depicted at 214, afterwhich the minimum payment option changing by having the loan recast toreflect deferred interest. In some applications, selections could bemade, such as omitting the five-year period of constant minimum paymentsor changing the recast period.

It should be appreciated that calculation formulas are hidden thatperform the calculations. Such formulas as well known for calculating afifteen-year conventional monthly payment plan, depicted at 216(“$2,247”), a thirty-year conventional monthly payment plan, depicted at218 (“$1,663”), and an interest-only payment, depicted at 220(“$1,458”).

The monthly minimum payments are depicted for each year, bothnumerically and graphically (i.e., a relative vertical position on thedepiction 200 as a plot or graph), depicted at 222 having values of$924, 924, 924, 924, 924, 983, 1067, 1147, 1234, 1329 and 2331 with thecurrent year minimum payment depicted at 224. Tabular information can bedepicted on, or accessed from a link depicted at 224 for additionalcomparison information between the payment options. In the illustrativeexample, this comparison comprises values at the fifth and tenth yearsfor cash flow (payments made), interest deferred, and loan balance,which can be relative to a 30-year fixed rate loan as a benchmark.

A macro button 226 exports the interactive presentation 200 to anoninteractive presentation for use as a reference or handout.

For conciseness, this example pertains to a new loan. It should beappreciated that such a tool can be an on-going reference for a loancustomer who wishes to see the ramifications of various payment optionsthrough the life of the life, especially when different options areselected in subsequent payment periods. It should also be appreciatedthat time period of months and years mentioned are illustrative only andthat various time periods can be used.

In FIG. 3, a methodology 400 for pick-a-payment load presentationincludes accessing a loan amount (block 202), accessing a fixed interestrate (block 204), a minimum payment rate (block 206), and minimumpayment constraints (block 208). Minimum payments per year arecalculated in accordance with the minimum payment rate, loan amount, andconstraints (block 210). Inter-based payments are also calculated (block212), which can include multiple term variations and interest-onlypayment options. In order to compare the implications of selectingvarious options, a comparison is calculated for cash flow (block 214),for deferred interest (block 216) and loan balance (block 218). Then theminimum payments per year are plotted to intuitive instruct the customeras to the determinative, but changing nature of the payments (block220). The comparison calculations (e.g., for 5 year and 10 year periods)are also depicted (e.g., table).

Referring now to FIG. 4, there is illustrated a block diagram of acomputer operable to execute the disclosed architecture. In order toprovide additional context for various aspects of the subjectinnovation, FIG. 4 and the following discussion are intended to providea brief, general description of a suitable computing environment 1100 inwhich the various aspects of the innovation can be implemented. Whilethe innovation has been described above in the general context ofcomputer-executable instructions that can run on one or more computers,those skilled in the art will recognize that the innovation also can beimplemented in combination with other program modules and/or as acombination of hardware and software.

Generally, program modules include routines, programs, components, datastructures, etc., that perform particular tasks or implement particularabstract data types. Moreover, those skilled in the art will appreciatethat the inventive methods can be practiced with other computer systemconfigurations, including single-processor or multiprocessor computersystems, minicomputers, mainframe computers, as well as personalcomputers, hand-held computing devices, microprocessor-based orprogrammable consumer electronics, and the like, each of which can beoperatively coupled to one or more associated devices.

The illustrated aspects of the innovation can also be practiced indistributed computing environments where certain tasks are performed byremote processing devices that are linked through a communicationsnetwork. In a distributed computing environment, program modules can belocated in both local and remote memory storage devices.

A computer typically includes a variety of computer readable media.Computer readable media can be any available media that can be accessedby the computer and includes both volatile and nonvolatile media,removable and non-removable media. By way of example, and notlimitation, computer-readable media can comprise computer storage mediaand communication media. Computer storage media includes both volatileand nonvolatile, removable and non-removable media implemented in anymethod or technology for storage of information such ascomputer-readable instructions, data structures, program modules orother data. Computer storage media includes, but is not limited to, RAM,ROM, EEPROM, flash memory or other memory technology, CD ROM, digitalversatile disk (DVD) or other optical disk storage, magnetic cassettes,magnetic tape, magnetic disk storage or other magnetic storage devices,or any other medium which can be used to store the desired informationand which can be accessed by the computer.

Communication media typically embodies computer-readable instructions,data structures, program modules or other data in a modulated datasignal such as a carrier wave or other transport mechanism, and includesany information delivery media. The term “modulated data signal” means asignal that has one or more of its characteristics set or changed insuch a manner as to encode information in the signal. By way of example,and not limitation, communication media includes wired media such as awired network or direct-wired connection, and wireless media such asacoustic, RF, infrared and other wireless media. Combinations of the anyof the above should also be included within the scope ofcomputer-readable media.

With reference again to FIG. 4, the exemplary environment 1100 forimplementing various aspects of the innovation includes a computer 1102,the computer 1102 including a processing unit 1104, a system memory 1106and a system bus 1108. The system bus 1108 couples system componentsincluding, but not limited to, the system memory 1106 to the processingunit 1104. The processing unit 1104 can be any of various commerciallyavailable processors. Dual microprocessors and other multi processorarchitectures can also be employed as the processing unit 1104.

The system bus 1108 can be any of several types of bus structure thatcan further interconnect to a memory bus (with or without a memorycontroller), a peripheral bus, and a local bus using any of a variety ofcommercially available bus architectures. The system memory 1106includes read-only memory (ROM) 1110 and random access memory (RAM)1112. A basic input/output system (BIOS) is stored in a non-volatilememory 1110 such as ROM, EPROM, EEPROM, which BIOS contains the basicroutines that help to transfer information between elements within thecomputer 1102, such as during start-up. The RAM 1112 can also include ahigh-speed RAM such as static RAM for caching data.

The computer 1102 further includes an internal hard disk drive (HDD)1114 (e.g., EIDE, SATA), which internal hard disk drive 1114 can also beconfigured for external use in a suitable chassis (not shown), amagnetic floppy disk drive (FDD) 1116, (e.g., to read from or write to aremovable diskette 1118) and an optical disk drive 1120, (e.g., readinga CD-ROM disk 1122 or, to read from or write to other high capacityoptical media such as the DVD). The hard disk drive 1114, magnetic diskdrive 1116 and optical disk drive 1120 can be connected to the systembus 1108 by a hard disk drive interface 1124, a magnetic disk driveinterface 1126 and an optical drive interface 1128, respectively. Theinterface 1124 for external drive implementations includes at least oneor both of Universal Serial Bus (USB) and IEEE 1394 interfacetechnologies. Other external drive connection technologies are withincontemplation of the subject innovation.

The drives and their associated computer-readable media providenonvolatile storage of data, data structures, computer-executableinstructions, and so forth. For the computer 1102, the drives and mediaaccommodate the storage of any data in a suitable digital format.Although the description of computer-readable media above refers to aHDD, a removable magnetic diskette, and a removable optical media suchas a CD or DVD, it should be appreciated by those skilled in the artthat other types of media which are readable by a computer, such as zipdrives, magnetic cassettes, flash memory cards, cartridges, and thelike, can also be used in the exemplary operating environment, andfurther, that any such media can contain computer-executableinstructions for performing the methods of the innovation.

A number of program modules can be stored in the drives and RAM 912,including an operating system 1130, one or more application programs1132, other program modules 1134 and program data 1136. All or portionsof the operating system, applications, modules, and/or data can also becached in the RAM 1112. It is appreciated that the innovation can beimplemented with various commercially available operating systems orcombinations of operating systems.

A user can enter commands and information into the computer 1102 throughone or more wired/wireless input devices, e.g., a keyboard 1138 and apointing device, such as a mouse 1140. Other input devices (not shown)can include a microphone, an IR remote control, a joystick, a game pad,a stylus pen, touch screen, or the like. These and other input devicesare often connected to the processing unit 1104 through an input deviceinterface 1142 that is coupled to the system bus 1108, but can beconnected by other interfaces, such as a parallel port, an IEEE 1394serial port, a game port, a USB port, an IR interface, etc.

A monitor 1144 or other type of display device is also connected to thesystem bus 1108 via an interface, such as a video adapter 1146. Inaddition to the monitor 1144, a computer typically includes otherperipheral output devices (not shown), such as speakers, printers, etc.

The computer 1102 can operate in a networked environment using logicalconnections via wired and/or wireless communications to one or moreremote computers, such as a remote computer(s) 1148. The remotecomputer(s) 1148 can be a workstation, a server computer, a router, apersonal computer, portable computer, microprocessor-based entertainmentappliance, a peer device or other common network node, and typicallyincludes many or all of the elements described relative to the computer1102, although, for purposes of brevity, only a memory/storage device1150 is illustrated. The logical connections depicted includewired/wireless connectivity to a local area network (LAN) 1152 and/orlarger networks, e.g., a wide area network (WAN) 1154. Such LAN and WANnetworking environments are commonplace in offices and companies, andfacilitate enterprise-wide computer networks, such as intranets, all ofwhich can connect to a global communications network, e.g., theInternet.

When used in a LAN networking environment, the computer 1102 isconnected to the local network 1152 through a wired and/or wirelesscommunication network interface or adapter 1156. The adapter 1156 canfacilitate wired or wireless communication to the LAN 1152, which canalso include a wireless access point disposed thereon for communicatingwith the wireless adapter 1156.

When used in a WAN networking environment, the computer 1102 can includea modem 1158, or is connected to a communications server on the WAN1154, or has other means for establishing communications over the WAN1154, such as by way of the Internet. The modem 1158, which can beinternal or external and a wired or wireless device, is connected to thesystem bus 1108 via the serial port interface 1142. In a networkedenvironment, program modules depicted relative to the computer 1102, orportions thereof, can be stored in the remote memory/storage device1150. It will be appreciated that the network connections shown areexemplary and other means of establishing a communications link betweenthe computers can be used.

The computer 1102 is operable to communicate with any wireless devicesor entities operatively disposed in wireless communication, e.g., aprinter, scanner, desktop and/or portable computer, portable dataassistant, communications satellite, any piece of equipment or locationassociated with a wirelessly detectable tag (e.g., a kiosk, news stand,restroom), and telephone. This includes at least Wi-Fi and Bluetooth™wireless technologies. Thus, the communication can be a predefinedstructure as with a conventional network or simply an ad hoccommunication between at least two devices.

Wi-Fi, or Wireless Fidelity, allows connection to the Internet from acouch at home, a bed in a hotel room, or a conference room at work,without wires. Wi-Fi is a wireless technology similar to that used in acell phone that enables such devices, e.g., computers, to send andreceive data indoors and out; anywhere within the range of a basestation. Wi-Fi networks use radio technologies called IEEE 802.11 (a, b,g, etc.) to provide secure, reliable, fast wireless connectivity. AWi-Fi network can be used to connect computers to each other, to theInternet, and to wired networks (which use IEEE 802.3 or Ethernet).Wi-Fi networks operate in the unlicensed 2.4 and 5 GHz radio bands, atan 11 Mbps (802.11a) or 54 Mbps (802.11b) data rate, for example, orwith products that contain both bands (dual band), so the networks canprovide real-world performance similar to the basic 10BaseT wiredEthernet networks used in many offices.

Referring now to FIG. 5, there is illustrated a schematic block diagramof an exemplary computing environment 1200 in accordance with thesubject innovation. The system 1200 includes one or more client(s) 1202.The client(s) 1202 can be hardware and/or software (e.g., threads,processes, computing devices). The client(s) 1202 can house cookie(s)and/or associated contextual information by employing the innovation,for example.

The system 1200 also includes one or more server(s) 1204. The server(s)1204 can also be hardware and/or software (e.g., threads, processes,computing devices). The servers 1204 can house threads to performtransformations by employing the innovation, for example. One possiblecommunication between a client 1202 and a server 1204 can be in the formof a data packet adapted to be transmitted between two or more computerprocesses. The data packet can include a cookie and/or associatedcontextual information, for example. The system 1200 includes acommunication framework 1206 (e.g., a global communication network suchas the Internet) that can be employed to facilitate communicationsbetween the client(s) 1202 and the server(s) 1204.

Communications can be facilitated via a wired (including optical fiber)and/or wireless technology. The client(s) 1202 are operatively connectedto one or more client data store(s) 1208 that can be employed to storeinformation local to the client(s) 1202 (e.g., cookie(s) and/orassociated contextual information). Similarly, the server(s) 1204 areoperatively connected to one or more server data store(s) 1210 that canbe employed to store information local to the servers 1204.

What has been described above includes various exemplary aspects. It is,of course, not possible to describe every conceivable combination ofcomponents or methodologies for purposes of describing these aspects,but one of ordinary skill in the art may recognize that many furthercombinations and permutations are possible. Accordingly, the aspectsdescribed herein are intended to embrace all such alterations,modifications and variations that fall within the spirit and scope ofthe appended claims.

Furthermore, to the extent that the term “includes” is used in eitherthe detailed description or the claims, such term is intended to beinclusive in a manner similar to the term “comprising” as “comprising”is interpreted when employed as a transitional word in a claim.

In view of the exemplary systems described supra, methodologies that maybe implemented in accordance with the disclosed subject matter have beendescribed with reference to several flow diagrams. While for purposes ofsimplicity of explanation, the methodologies are shown and described asa series of blocks, it is to be understood and appreciated that theclaimed subject matter is not limited by the order of the blocks, assome blocks may occur in different orders or concurrently with otherblocks from what is depicted and described herein. Moreover, not allillustrated blocks may be required to implement the methodologiesdescribed herein. Additionally, it should be further appreciated thatthe methodologies disclosed herein are capable of being stored on anarticle of manufacture to facilitate transporting and transferring suchmethodologies to computers. The term article of manufacture, as usedherein, is intended to encompass a computer program accessible from anycomputer-readable device, carrier, or media.

It should be appreciated that any patent, publication, or otherdisclosure material, in whole or in part, that is said to beincorporated by reference herein is incorporated herein only to theextent that the incorporated material does not conflict with existingdefinitions, statements, or other disclosure material set forth in thisdisclosure. As such, and to the extent necessary, the disclosure asexplicitly set forth herein supersedes any conflicting materialincorporated herein by reference. Any material, or portion thereof, thatis said to be incorporated by reference herein, but which conflicts withexisting definitions, statements, or other disclosure material set forthherein, will only be incorporated to the extent that no conflict arisesbetween that incorporated material and the existing disclosure material.

1. A method of presenting information associated with a loan withmultiple payment options, comprising: storing computer executableinstructions on a memory; employing a processor that executes thecomputer executable instructions stored on the memory to implement thefollowing acts: presenting conventional payment amounts associated withthe loan; presenting minimum payment amounts associated with the loan,wherein the minimum payment amounts are distinct from the conventionalpayment amounts; and comparing the minimum payment amounts with theconventional payment amounts.
 2. The method of claim 1, wherein theminimum payment amounts are determined by a lender of the loan.
 3. Themethod of claim 1, wherein the minimum payment amounts change over time.4. The method of claim 1, wherein the minimum payment amounts arecalculated based at least in part on a loan amount, a fixed interestrate, and a minimum payment rate.
 5. The method of claim 1, wherein thecomparing comprises displaying the minimum payment amounts and theconventional payment amounts in a graph.
 6. The method of claim 1,further comprising displaying data associated with one or moreconstraints on the minimum payment amounts.
 7. The method of claim 6,wherein the one or more constraints comprise a period in which theminimum payment amounts are held constant or a recast period after whichthe minimum payment amounts are adjusted based on a recast of the loanto reflect an amount of deferred interest.
 8. The method of claim 1,further comprising presenting alternate conventional payment amounts,wherein the conventional payment amounts and the alternate conventionalpayment amounts are associated with disparate loan terms.
 9. The methodof claim 1, further comprising presenting an amount of deferred interestand changes in a balance of the loan.
 10. A system that presentsinformation associated with a loan with multiple payment options,comprising: at least one processor coupled to a memory, the processorexecuting instructions associated with: a presentation that providesinformation about conventional monthly payments associated with the loanand minimum monthly payments associated with the loan, wherein thepresentation compares the conventional monthly payments with the minimummonthly payments; and a presenter component that determines theconventional monthly payments and the minimum monthly payments based atleast in part on numerical data associated with the loan.
 11. The methodof claim 10, wherein the presenter component additionally determinesinterest-only monthly payments, and wherein the interest-only monthlypayments are disparate from the minimum monthly payments and theconventional monthly payments.
 12. The method of claim 10, wherein theminimum monthly payments change over time.
 13. The method of claim 10,wherein the minimum monthly payments are calculated based at least inpart on a loan amount, a fixed interest rate, and a minimum paymentrate.
 14. The method of claim 10, wherein the presentation comprises agraph of the minimum monthly payments and the conventional monthlypayments.
 15. The method of claim 10, wherein the presentation displaysone or more constraints on the minimum monthly payments.
 16. The methodof claim 15, wherein the one or more constraints comprise a period inwhich the minimum monthly payments are held constant or a recast periodafter which the minimum monthly payments are adjusted based on a recastof the loan to reflect an amount of deferred interest.
 17. The method ofclaim 10, wherein the presenter component determines alternateconventional monthly payments, wherein the conventional monthly paymentsand the alternate conventional monthly payments are associated withdisparate durations for the loan, and wherein the presentation displaysthe alternate conventional monthly payments.
 18. The method of claim 10,wherein the presentation provides information associated with an amountof deferred interest and changes in a balance of the loan.
 19. A systemthat presents a loan with multiple payment options, comprising: at leastone processor coupled to a memory, the processor executing instructionsassociated with: means for determining a set of interest-based monthlypayments and a set of minimum monthly payments, based at least in parton an amount of the loan, a fixed interest rate of the loan, and aminimum payment rate; and means for presenting the set of interest-basedmonthly payments and the set of minimum monthly payments, wherein themeans for presenting displays a comparison of the set of interest-basedmonthly payments with the set of minimum monthly payments.
 20. Thesystem of claim 19, wherein the means for presenting provides tabularinformation relating to at least one of an amount of interest deferred,a loan balance, or a comparison with a benchmark fixed-rate loan.